Swing trading is easier than day trading because we’re letting the stock do its thing and breath.
A pullback will happen after each spike in a stock.
In day trading we take our profits quickly, don’t be greedy.
If you make the wrong decision on a stock then learn to take the loss and write it off as an expense.
Don’t revenge trade or double-dip on a stock if you lost money, walk away and start fresh the next day.
Best not to invest in penny stocks or hold a penny stock overnight unless you want to take the risk.
Most of the volume of trades happens in the mornings or in the first hour of the stock market opening, this is why we only trade in the mornings.
Controlling your emotions such as greed or fear is very important.
Remember that you can’t be right on every single trade, no one can.
Divservation is very important when swing trading.
Never be scared to walk away from trade if you’re not feeling it.
Try not to be too excited as a beginner.
Be in control of your position size, don’t get too brave with your position size, especially as a beginner.
Tomorrow is a new day.
It’s important to find your edge and perfect the strategy that works for you.
Only trade with crystal clear results, if you have doubts, walk away from that trade.
Premarket is a great way to day trade as you can buy and sell a stock before everyone else.
Do not overcomplicate your trading, keep it simple.
Choose and perfect your trading strategy based on what I teach you in the course.
When swing trading a 10% stop loss rule can be used unless you have diversified your portfolio and have emotional control.
Stick with your strategy, don’t change halfway through the market.
Practice day trading through a demo stock trading account until you get a hang of all the outcomes that can arise from this course. If you are profitable 5 out of 7 days on a demo account, move on to real money trading.